INVENTEC — Interim / Quarterly Report 2024

Jun 11, 2024

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Inventec Corporation and Subsidiaries

2024 First Quarter Investor Conference

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Safe Harbor Notice

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Inventec’s statements of its current are expectations forward looking statements subject to significant risks and uncertainties and actual results differ may materially from those contained in the forward-looking statements.

as we undertake no Except required by law, obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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Inventec Confidential

Consolidated Statements of Comprehensive Income

NT$ Million	2024 Q1		2023 Q4	QoQ %		2023 Q1	YoY %
Sales Revenue	130,506 100.0%		128,071 100.0%	2%		120,183 100.0%	9%
Gross Profit	6,881 5.3%		7,315 5.7%	-6%		5,922 4.9%	16%
Operating Expense	4,744 3.7%		4,765 3.7%	0%		4,637 3.8%	2%
Operating Profit	2,137 1.6%		2,550 2.0%	-16%		1,285 1.1%	66%
Non Operating Income and Expenses	(610) -0.4%		(576) -0.5%	06%		(152) -0.1%	301%
Profit Before Income Tax	1,527 1.2%		1,974 1.5%	-23%		1,133 0.9%	35%
Profit for the Period	1,083 0.8%		1,932 1.5%	-44%		871 0.7%	24%
Total Comprehensive Income	4,158 3.2%		395 0.3%	953%		1,391 1.2%	199%
Profit Attributable to
Owners of the Parent	1,089 0.8%		1,987 1.5%			880 0.7%
Non-Controlling Interest	(6) -0.0%		(55) -0.0%			(9) -0.0%
Total Comprehensive Income Attributable to
Owners of the Parent	4,155 3.2%		459 0.4%			1,399 1.2%
Non-Controlling Interest	3 0.0%		(64) -0.1%			(8) -0.0%
EPS (NT$)	0.30		0.55			0.25

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Consolidated Sales Revenue

(Consolidated Sales Revenue) Unit: NT$ one hundred million

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1,600
1,358
1,305
1,400 1,281 1,307
1,202
6-10%
1-5% 1-5%
6-10%
1,200
1-5%
1,000 41-45% 41-45%
41-45% 36-40%
36-40%
800
600
400
51-55% 51-55% 51-55% 56-60% 56-60%
200
0
24Q1 23Q4 23Q3 23Q2 23Q1
Smart Device Server PC Sales Revenue
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Financial Trend Analysis

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Sales Revenue Gross Profit Margin
NT$ one hundred million (%)
5.7
2,000 5.3 6.0
5.2
4.9
1,800
4.6
5.0
1,600
1,400
4.0
6-10%
1-5% 6-10% 1-5%
1,200
1-5%
1,000 41-45% 41-45% 3.0
41-45% 36-40%
36-40%
800
2.0
600
400
51-55% 51-55% 51-55% 56-60% 56-60% 1.0
200
0 -
24Q1 23Q4 23Q3 23Q2 23Q1
Smart Device Server PC Gross Profut Margin (%)
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Financial Trend Analysis

Operating Expense Sales Revenue NT$ one hundred million NT$ one hundred million

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90 1,800
80 1,600
1,358
1,305 1,307
70 1,281 1,400
1,202
60 1,200
49.3
47.4 47.7 45.4 46.4
50 1,000
40 800
30 600
20 400
10 200
0 0
24Q1 23Q4 23Q3 23Q2 23Q1
Operating Expense Sales Revenue
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Financial Trend Analysis

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Sales Revenue
Operating Profit Margin
NT$ one hundred million
2.0 (%)
2,000 1.6 1.6 2.0
1.1
1,800 1.1 1.5
1,600 1.0
1,400 0.5
6-10%
1-5% 6-10% 1-5% -
1,200
1-5%
1,000 41-45% 41-45% -0.5
41-45% 36-40%
36-40%
800 -1.0
600 -1.5
400 -2.0
51-55% 51-55% 51-55% 56-60% 56-60%
200 -2.5
0 -3.0
24Q1 23Q4 23Q3 23Q2 23Q1
Smart Device Server PC Operating Profit Margin
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Non-Operating Income and Expense

NT$ Million	2024 Q1		2023 Q4		2023 Q1
Interest Income	645		539		593
Other Income	24		37		66
Foreign Exchange Gain (Loss) (Realized and Unrealized)	95		(342)		167
Other Gains and Losses	(191)		341		148
Finance Cost	(1,174)		(1,140)		(1,121)
Share of the Profit or Loss of Associates and JV Accounted for Using the Equity Method	(9)		(11)		(5)
Total Non-Operating Income and Expense	(610)		(576)		(152)

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Consolidated Balance Sheets

NT$ Million	2024/3/31		2023/12/31		2023/3/31
Cash	39,395		28,133		39,009
Current financial assets at fair value through profit or loss	1,893		278		348
Accounts Receivable	87,730		92,207		87,453
Inventories	63,791		59,896		50,979
Other Current Assets	9,149		11,692		7,968
Non-Current Assets	50,033		47,502		44,815
Total Assets	251,991		239,708		230,572
Short-term borrowings	41,585		43,465		39,139
Accounts payable	89,196		81,307		78,444
Other Current Liabilities	47,144		44,531		48,482
Non-Current Liabilities	15,031		10,147		9,691
Total Liabilities	192,956		179,450		175,756
Total Equity	59,035		60,258		54,816

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Financial Ratio Anal sis y

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% 2024/3/31 2023/3/31
Current Ratio 113.5% 111.9%
Debt Ratio 76.6% 76.2%
2024 2023
%
Year-to-Q1 Year-to-Q1
ROA 3.3% 3.0%
ROE 7.3% 6.1%
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Note1: ROA and ROE have been converted into yearly values.

Note2: ROA={[Year-to-Q1 accumulated net income (loss)+Year-to-Q1 accumulated interest expense×(1-Tax rate)]/Year-to-Q1 accumulated average total assets}×4

Note3: ROE=(Year-to-Q1 accumulated net income (loss)/Year-to-Q1 accumulated net average shareholders' equity)×4

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Products Market Prospect

Q&A

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https://www.inventec.com

iec@inventec.com

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THANK YOU!

Questions and Answers

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